Zillow Group Inc (NASDAQ:Z): A Fundamentally Weighted Stock for Long-Term Investors

The stock of Zillow Group Inc (NASDAQ:Z) last traded at $37.69, up 6.17% from the previous session.

Data from the available sources indicates that Zillow Group Inc (NASDAQ:Z) is covered by 27 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $59.00 and a low of $36.00, we find $48.00. Given the previous closing price of $35.50, this indicates a potential upside of 35.21 percent. Z stock price is now -16.70% away from the 50-day moving average and -18.72% away from the 200-day moving average. The market capitalization of the company currently stands at $8.78B.

In total, 13 analysts have assigned it a hold rating, and 13 have given it a buy rating. Brokers who have rated the stock have averaged $47.70 as their price target over the next twelve months.

In other news, Samuelson Errol G, Chief Industry Dev. Officer sold 19,000 shares of the company’s stock on Aug 30. The stock was sold for $1,000,608 at an average price of $52.66. Upon completion of the transaction, the Chief Industry Dev. Officer now directly owns 131,455 shares in the company, valued at $4.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 18, Chief Financial Officer Hofmann Jeremy sold 13,984 shares of the business’s stock. A total of $697,979 was realized by selling the stock at an average price of $49.91. This leaves the insider owning 121,334 shares of the company worth $4.57 million. Insiders disposed of 3,154,226 shares of company stock worth roughly $118.88 million over the past 1 year. A total of 34.64% of the company’s stock is owned by insiders.

With an opening price of $36.68 on Friday morning, Zillow Group Inc (NASDAQ: Z) set off the trading day. During the past 12 months, Zillow Group Inc has had a low of $28.07 and a high of $57.19. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 3.84, and a quick ratio of 3.84. The fifty day moving average price for Z is $45.00 and a two-hundred day moving average price translates $46.35 for the stock.

The latest earnings results from Zillow Group Inc (NASDAQ: Z) was released for Sep, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.39, beating analysts’ expectations of $0.18 by 0.21. This compares to -$0.01 EPS in the same period last year. The net profit margin was -8.24% and return on equity was -3.44% for Z. The company reported revenue of $496.0 million for the quarter, compared to $483.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.69 percent. For the current quarter, analysts expect Z to generate $480.29M in revenue.

Zillow Group Inc(Z) Company Profile

Zillow Group, Inc. operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans. The company’s Mortgages segment provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage services. Its Homes segment offers title and escrow services. The company’s brand portfolio includes Zillow Premier Agent, Zillow Home Loans, Zillow Closing Services, Zillow Rentals, Trulia, StreetEasy, HotPads, and Out East; and Mortech, a suite of marketing software and technology solutions for the real estate industry, as well as New Home Feed and ShowingTime+, and Bridge Interactive. Zillow Group, Inc. was incorporated in 2004 and is headquartered in Seattle, Washington.

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